Electronics Production | August 04, 2011

Venture with USD 628.8 million in revenues

In this particular quarter, the USD/SGD declined by more than 11.0% from a year ago. Although the Group registered volume growth, this was not sufficient to offset the steep USD depreciation, resulting in a 3.7% revenue decline year-on year.
All market segments recorded higher volume of activities for the quarter compared to the corresponding period of the prior year, except the Networking & Communications segment.  The higher volume growth came from the Test & Measurement/Medical/Others and the Retail Store Solutions & Industrial Products segments.
The reported revenue of S$628.7 million for the quarter was 7.0% higher than the revenue recorded for the first quarter of this year. 

The Group recorded a net profit (profit attributable to owners of the Company) of S$42.0 million for the quarter ended 30 June 2011.  The net profit for the corresponding quarter of the prior year was S$45.8 million and the net profit for the prior quarter was S$41.2 million.

Diluted EPS was 15.3 cents for the quarter ended 30 June 2011 compared to 16.7 cents for the corresponding quarter of 2010.

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